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Polymarket Founder Is Youngest Self-Made Billionaire After Deal With NYSE Owner


Shayne Coplan, a 27-year-old NYU dropout who founded Polymarket from his bathroom in 2020, has become the youngest self-made billionaire after Intercontinental Exchange (owner of the NYSE) invested up to $2 billion in his once-controversial prediction market platform. Bloomberg reports: A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so…



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An anonymous reader quotes a report from Reuters: Privacy activists say proposed changes to Europe’s landmark privacy law, including making it easier for Big Tech to harvest Europeans’ personal data for AI training, would flout EU case law and gut the legislation. The changes proposed by the European Commission are part of a drive to simplify a slew of laws adopted in recent years on technology, environmental and financial issues which have in turn faced pushback from… Source link

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The European Commission is considering turning its non-binding 2020 guidance on “high-risk vendors” into a legal requirement that would effectively force EU member states to phase out Huawei and ZTE from mobile and fixed-line networks. Bloomberg reports: Commission Vice President Henna Virkkunen wants to convert the European Commission’s 2020 recommendation to stop using high-risk vendors in mobile networks into a legal requirement, according to the people, who asked not… Source link

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An anonymous reader quotes a report from Gizmodo: It appears that Neom — Saudi Arabia’s hugely expensive, architecturally bizarre urban development project — is floundering and close to collapse. A new report from the Financial Times cites high-level sources within the project to paint a picture of dysfunction and failure at the heart of the quixotic effort. Neom was envisioned as a vast series of fantastical urban developments spread across the coast of the Red Sea. At… Source link